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Nayib Bukele and his party have gone all in on Bitcoin, including eschewing IMF loans and are in the process of issuing Bitcoin-enhanced bonds. This is no small thing as any third-world country knows, IMF loans mean that you have to satisfy the IMF and not the country’s citizens. As a result, the people in power here seem to be more interested in what their constituents want, and not these international bankers. Having less resources going to international monetary organizations means more resources are going to the people. In a way, Bitcoin has freed these politicians to do what they’re elected to do, and not bow to the pressures of the international finance cartel.
Beautiful to see happening. I can't wait for this to spread.
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